Miller Market Neutral Income Fund I (MMNIX)
11.13
0.00 (0.00%)
USD |
Oct 26 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.66% | 327.57M | -- | 467.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 230.87M | 4.27% |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
96
-36.70M
Peer Group Low
270.38M
Peer Group High
1 Year
% Rank:
36
230.87M
-58.87M
Peer Group Low
1.065B
Peer Group High
3 Months
% Rank:
54
-4.158M
Peer Group Low
531.11M
Peer Group High
3 Years
% Rank:
--
-261.29M
Peer Group Low
2.506B
Peer Group High
6 Months
% Rank:
26
-117.01M
Peer Group Low
910.00M
Peer Group High
5 Years
% Rank:
--
-201.46M
Peer Group Low
2.660B
Peer Group High
YTD
% Rank:
28
-32.08M
Peer Group Low
1.203B
Peer Group High
10 Years
% Rank:
--
-1.337B
Peer Group Low
10.09B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of October 27, 2026.
Asset Allocation
As of July 31, 2026.
| Type | % Net |
|---|---|
| Cash | 48.15% |
| Stock | -43.00% |
| Bond | 94.23% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.61% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
47.61% | -- | -- |
| Live Nation Entertainment, Inc. LNEINC 2.875 01/15/2030 FIX USD Corporate | 3.05% | 111.81 | -0.34% |
| THE CHEESECAKE FACTORY INCORPORATED CHECAK 2.0 03/15/2030 FIX USD Corporate | 2.97% | 161.10 | -3.28% |
| HAEMONETICS CORPORATION HAEMCOR 2.5 06/01/2029 FIX USD Corporate 144A | 2.92% | 120.89 | 1.05% |
| United States of America USGB 08/04/2026 FIX USD Government (Matured) | 2.78% | 100.00 | 0.01% |
| Halozyme Therapeutics, Inc. HALOTHE 0.0 02/15/2031 FIX USD Corporate 144A | 2.77% | 150.63 | 0.90% |
| Merit Medical Systems, Inc. MERIMED 3.0 02/01/2029 FIX USD Corporate 144A | 2.77% | 121.69 | -0.38% |
| TYLER TECHNOLOGIES, INC. TYTE 0.5 07/15/2031 FIX USD Corporate 144A | 2.55% | 113.78 | 0.07% |
| TANGER PROPERTIES LIMITED PARTNERSHIP SKT-PropLP 2.375 01/15/2031 FIX USD Corporate 144A | 2.42% | 100.28 | 2.73% |
| Spectrum Brands, Inc. SBI 3.375 06/01/2029 FIX USD Corporate | 2.33% | 98.87 | -0.29% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.00% |
| Actual Management Fee | 0.86% |
| Administration Fee | 66016.00 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 100.00 None |
TTM Distributions
| Type | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of September 30, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (10-26-26) | 1.41% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 120 |
| Stock | |
| Weighted Average PE Ratio | 25.16 |
| Weighted Average Price to Sales Ratio | 3.789 |
| Weighted Average Price to Book Ratio | 5.015 |
| Weighted Median ROE | 21.45% |
| Weighted Median ROA | 11.10% |
| Return on Investment (TTM) | 12.85% |
| Earning Yield | 0.0397 |
| LT Debt / Shareholders Equity | 0.5218 |
| Number of Equity Holdings | 56 |
| Bond | |
| Yield to Maturity (7-31-26) | -1.20% |
| Effective Duration | -- |
| Average Coupon | 1.97% |
| Calculated Average Quality | 4.084 |
| Effective Maturity | 3.545 |
| Nominal Maturity | 3.545 |
| Number of Bond Holdings | 59 |
As of July 31, 2026
Growth Metrics
| EPS Growth (1Y) | -21.74% |
| EPS Growth (3Y) | 100.0% |
| EPS Growth (5Y) | 40.75% |
| Sales Growth (1Y) | 0.50% |
| Sales Growth (3Y) | 18.13% |
| Sales Growth (5Y) | 35.35% |
| Sales per Share Growth (1Y) | 5.21% |
| Sales per Share Growth (3Y) | 19.40% |
| Operating Cash Flow - Growth Rate (3Y) | 11.46% |
As of July 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/29/2023 |
| Last Annual Report Date | 10/31/2025 |
| Last Prospectus Date | 3/2/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MMNIX", "name") |
| Broad Asset Class: =YCI("M:MMNIX", "broad_asset_class") |
| Broad Category: =YCI("M:MMNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MMNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |